Good morning all and happy Thursday! Leave a like and comment if you enjoy these updates! Remember the only thing we control in the market is risk management! In yesterday’s update we discussed the possibility of the gold channel playing out until the end. It seemed to have broken out early but did not follow through or hold support when back testing the...
Good evening all! I have placed a possible long position playing out at the moment. In a previous post I mentioned the possibility of this channel breaking up to retest the previous high. We saw some support come in on the rising line from the previous lows as well as the moving averages on the 1H chart. 4H chart MACD positive momentum shift. Remember this...
Good morning all and happy Wednesday! Leave a like and comment if you enjoy these updates! BTC failed to get above $8,600 and started a downward consolidation currently broadening. The RSI is on an uptrend coming from a bullish divergence seen at the recent lows. Price might continue along this path to the end of the structure, however could also break out...
Hello all and good evening! LTC hit $50 as a low recently and has been rounding out in the lower 50 range since. There was a bullish divergence signal on the 4H for both the RSI and MACD. Currently RSI is attempting upper territory with MACD reseting positive momentum. We should always be on the lookout for bearish signals as well. If we see price attempt higher...
100 FOLLOWERS! Thank you all for the support! Leave a like and share if you enjoy these updates! Yesterday BTC broke up from the descending resistance and followed through up until $8,500. Currently BTC is hovering over the 13 and 21 EMAs - in the process of crossing up - and might print one more long lower wick down to around $8,200 before possibly continuing...
Good afternoon all! XRP has been consolidating bullishly after breaking out of the weekend triangle. If we reset the charts we can see a rising channel with a potential target area of just under $0.28 if this Bull pendant/flag plays out and pushes up. 15 minute chart. Possible pendant formation with breakout moves mapped out 1H Chart Rising channel for XRP...
Hello all! SPY seems to be in a rising wedge making higher highs with less positive momentum with the MACD on the 1W chart. RSI is making lower highs forming a symmetrical triangle. Once the rising support line is broken and flipped as resistance, 1M chart, all time highs being made with less momentum for the past year. RSI and MACD bearish divergences.
Good morning all! I have placed a trade setup based on the falling wedge and potential bullish divergence happening on the 4H chart seen here. The upper target of this pattern would be at or above the top of this structure. Ideally confirmation of this would present itself as support over the upper line before moving up higher. RSI is currently showing a...
Good evening all! I have placed a potential move to come soon here. A break and close above of the white line should give us upper targets of the 0.786 area. 1D chart. ETH is showing increased positive volume coming in with negative momentum slowing down on MACD. 15 minute chart. Flag formation reaching resistance line. Possibly another pullback before a...
Good morning all and happy Monday! I hope everyone e is doing well! Leave a like and comment! Over the weekend BTC showed potentially bullish signals on price action in conjunction with the oscillators. This morning BTC is attempting to break a descending broadening channel as alt coins make their move up. Is BTC stalling and will it begin its own rise soon?...
Good morning all! If you have been following us on XRP we were expecting a break from the rising triangle but did not see any decisive volume over the weekend. This morning the decision came at the tip of the falling wedge after revisiting as support. We have just hit the upper limits of this recent move since bottoming at $0.21, however if bullish consolidation...
Hello all and welcome to this weekend analysis. After the bullish divergence seen on MACD and RSI at $7,700, price has been attempting to move higher but met down sloping resistance at the 21 EMA on the 4H. RSI has now provided support at the 30 level with MACD resetting positive momentum. A shift to red territory would most likely bring price to the support...
Hello all and sorry for this short update. LTC is forming the descending structure similarly to BTC. The 4H bullish divergence should provide some short term relief here back up to $60. Rejection could hit $49.
Hello all! Volume is coming down at the end of this rising triangle. A break of this should be coming very soon. RSI is on an uptrend on the 4H with MACD showing positive momentum starting up again. As we have seen with the falling wedge here that bullish patterns do not always play out as they are "supposed" too. A break above the tip off this wedge will most...
Good morning all and happy Friday! Leave a like and comment! I wish good fortune for everyone! Looking at the 4H chart, price has been grinding down after the major drop. We are getting lower levels of volume, and negative momentum with a higher low in RSI. These indicators are pointing to at least a short term reversal to the $8,700 level. There is always a...
Hello all and good evening! Due to the recent development in price action I have decided to post another take on the possibilities of what might unfold for the next few weeks to months. Let me know what you think! I would love to get an open discussion going in the comments about this! Comparing the recent fall in price to 2018's developments, the...
Good morning all and happy Thursday! I Hope everyone is doing well! Leave a Like and Comment! BTC price has been consolidating symmetrically for the last day after the drop through 9k support. The current structure is inherently bearish, although could possibly break to the upside as well. Considering the 4H and 1D time scales being over sold, I am leaning...
Hello All and Happy Thursday! I Hope You Are All doing well! Thank you for checking out my analysis! If we take a look at the 1H chart, price could be forming a rising channel and/or bear flag formation. Of course these channels could always break up! 15 minute chart we see XRP formed a bear pendant after the drop and still broke up. Afterwards a rising...